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FFCB to redeem $330 million of its consolidated systemwide bonds
By Tali David
Minneapolis, Oct. 11 - Federal Farm Credit Banks Funding Corp. announced the redemption of $330 million of its consolidated systemwide bonds, according to two news releases.
The following bonds will be redeemed at par plus accrued interest:
• $160 million of 0.73% bonds due Oct. 17, 2014, to be redeemed on Oct. 17;
• $25 million of 1.30% bonds due April 2, 2018, to be redeemed on Oct. 17; and
• $145 million of 1.62% bonds due Oct. 18, 2016, to be redeemed on Oct. 18.
FFCB is a Jersey City, N.J.-based network of borrower-owned lending institutions and specialized service organizations.
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